REVOLVING CREDIT COMMITMENT INCREASE AGREEMENT
Exhibit 10.1
This Revolving Credit Commitment Increase Agreement (the "Agreement") is made as of December 10, 2021 by Bank of North Dakota (the "Increasing Lender").
BACKGROUND
Reference is made to that certain Amended and Restated Credit Agreement, among the North American Coal Corporation, a Delaware corporation (the "Borrower"), the Guarantors now or hereafter party thereto, the Lenders now or hereafter party thereto, and PNC Bank, National Association, as Administrative Agent for the Lenders (hereinafter referred to in such capacity as the "Administrative Agent"), dated as of November 12, 2021 (as further amended, restated, modified or supplemented from time to time, the "Credit Agreement"). Capitalized terms not otherwise defined in this Agreement have the meanings given to them in the Credit Agreement.
AGREEMENT
Reference is made to Section 2.12 [Increase in Revolving Credit Commitments] of the Credit Agreement. The Increasing Lender, the Borrower and the Administrative Agent, intending to be legally bound, hereby agree and acknowledge that effective as of the date hereof, the Increasing Lender shall increase its Revolving Credit Commitment by $30,000,000 so that its total Revolving Credit Commitment shall be $45,000,000.
The Increasing Lender hereby acknowledges that simultaneously with the delivery of this Agreement, the Increasing Lender is receiving a new Note in the amount of the Revolving Credit Commitment as increased under this Agreement. The Borrower also is required to deliver those certificates, resolutions and opinion of counsel required under Section 2.12.1(iv) of the Credit Agreement in form and content satisfactory to the Administrative Agent.
Schedule 1.1(B) hereto sets forth the Commitment of the Increasing Lender and each of the other Lenders after giving effect to the increase set forth in this Agreement. Schedule 1.1(B) to the Credit Agreement is hereby amended and restated effective as of the date hereof as set forth on Schedule 1.1(B) hereto.
[SIGNATURE PAGE FOLLOWS]
[SIGNATURE PAGE TO REVOLVING CREDIT COMMITMENT INCREASE AGREEMENT]
IN WITNESS WHEREOF, the Increasing Lender has duly executed and delivered this Agreement as of the date and year first above written.
BANK OF NORTH DAKOTA
By: /s/Xxxxxx Xxxxxxxx
Name: Xxxxxx Xxxxxxxx
Title: Business Banker
[ACKNOWLEDGEMENT TO REVOLVING
CREDIT COMMITMENT INCREASE AGREEMENT]
CREDIT COMMITMENT INCREASE AGREEMENT]
ACKNOWLEDGED AND AGREED TO:
BORROWER:
THE NORTH AMERICAN COAL CORPORATION
By: /s/Xxxx X. Xxxx
Name: Xxxx X. Xxxx
Title: Treasurer and Senior Director, Financial Planning & Analysis
[ACKNOWLEDGEMENT TO REVOLVING
CREDIT COMMITMENT INCREASE AGREEMENT]
CREDIT COMMITMENT INCREASE AGREEMENT]
ADMINISTRATIVE AGENT:
PNC BANK, NATIONAL ASSOCIATION,
as Administrative Agent
as Administrative Agent
By: /s/Xxxx X. Xxxxxxxx
Name: Xxxx X. Xxxxxxxx
Title: Vice President
SCHEDULE 1.1(B)
COMMITMENTS OF LENDERS AND ADDRESSES FOR NOTICES
Page 1 of 2
Part 1 - Commitments of Lenders and Addresses for Notices to Lenders
Lender | Commitment | Ratable Share | ||||||
Name: PNC Bank, National Association Address: PNC Corporate Banking 000 Xxxxx Xxxxxx, Xxxxx 00 Xxxxxxxxxx, XX 00000 Attention: Xxxxx X. Xxxxx Telephone: (000) 000-0000 Email: xxxxx.xxxxx@xxxxxxx.xxx | $55,000,000.00 | 36.666666666% | ||||||
Name: KeyBank National Association Address: 000 Xxxxxx Xxxxxx XXXX XX-XX-X00X Xxxxxxxxx, XX 00000 Attention: Xxxxx Xxx Telephone: (000) 000-0000 Telecopy: (000) 000-0000 Email: Xxxxx.Xxx@xxx.xxx | $40,000,000.00 | 26.666666667% | ||||||
Name: Bank of North Dakota Address: 0000 Xxxxxxxx XXX Xxxxxxxx, XX 00000 Attention: Xxxxxx Xxxxxxxx Telephone: 000-000-0000 Email: xxxxxxxxxx@xx.xxx | $45,000,000.00 | 30.000000000% | ||||||
Name: First National Bank of Pennsylvania Address: One North Shore Centre 00 Xxxxxxx Xxxxxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 Attention: Xxxxxx X. Xxxxxx Telephone: (000) 000-0000 Telecopy: (000) 000-0000 Email: XxxxxxX@xxx-xxxx.xxx | $10,000,000.00 | 6.666666667% | ||||||
| Total | $150,000,000 | 100% | ||||||
SCHEDULE 1.1(B)
COMMITMENTS OF LENDERS AND ADDRESSES FOR NOTICES
Page 2 of 2
Part 2 - Addresses for Notices to Borrower:
ADMINISTRATIVE AGENT
Name: PNC Bank, National Association
Address: PNC Corporate Banking
000 Xxxxx Xxxxxx, Xxxxx 00
Xxxxxxxxxx, XX 00000
Attention: Xxxx Xxxxxxxx
Telephone: (000) 000 0000
With a Copy To:
Agency Services, PNC Bank, National Association
Mail Stop: P7-PFSC-04-I
Address: 000 Xxxxx Xxxxxx
Xxxxxxxxxx, XX 00000
Attention: Agency Services
Telephone: 000 000 0000
Telecopy: 000 000 0000
Mail Stop: P7-PFSC-04-I
Address: 000 Xxxxx Xxxxxx
Xxxxxxxxxx, XX 00000
Attention: Agency Services
Telephone: 000 000 0000
Telecopy: 000 000 0000
BORROWER:
J. Xxxxxxx Xxxxxxxx, CFO
The North American Coal Corporation
0000 Xxxxxx Xxxxx
The North American Coal Corporation
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxx.xxxxxxxx@xxxxxx.xxx
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxx.xxxxxxxx@xxxxxx.xxx
With a Copy To:
Xxxx Xxxxxxx, Vice President, General Counsel and Secretary
The North American Coal Corporation
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
The North American Coal Corporation
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
GUARANTORS:
Camino Real Fuels LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
CATAPULT MINERAL PARTNERS, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Mississippi Lignite Mining Company
Xxxx Xxxxxxx, Assistant General Manager
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant General Manager
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Mitigate Texas, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
NAM-IND, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
NAM-Little River, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
XXX-Xxxxxxxx, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
NAM-Pasco, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
NAM-Perry, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
XXX-Xxxxxx, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
NODAK ENERGY INVESTMENTS CORPORATION
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
North American Mining, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
North American Coal Royalty Company
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Otter Creek Mining Company, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Red Hills Property Company L.L.C.
Xxxx Xxxxxxx, Manager
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Manager
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Trident Technology Services Group, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
TRU ENERGY SERVICES, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Yockanookany Mitigation Resources, LLC
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
Xxxx Xxxxxxx, Assistant Secretary and Associate Counsel
0000 Xxxxxx Xxxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx, Xxxxx 00000
Fax: 000-000-0000
xxxx.xxxxxxx@xxxxxx.xxx
